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Operating Segments
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Operating Segments
Operating Segments:

Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to make operating decisions, allocate resources and in assessing performance. The Company has five operating segments and one reportable segment, real estate. Real estate revenue is derived from commissions and fees charged on real estate transactions closed by us or partner agents. Other revenue consists of fees charged for title and settlement services, mortgage banking operations, marketing services provided to homebuilders by the Company’s builder services group, Walk Score licensing and advertising fees, homes sold through Redfin Now, and other services. The Company’s CODM is its Chief Executive Officer. The CODM evaluates the performance of the Company’s operating segments based on revenue and gross profit. The Company does not analyze discrete segment balance sheet information related to long-term assets, all of which are located in the United States. All other financial information is presented on a consolidated basis.

Information on each of the reportable and other segments and reconciliation to consolidated net income (loss) is as follows:

 
Three Months Ended
June 30,
 
Six Months Ended June 30,
 
2016
 
2017
 
2016
 
2017
 
 
 
 
 
 
 
 
Real estate
 
 
 
 
 
 
 
Revenue
$
75,649

 
$
100,658

 
$
116,006

 
$
159,030

Cost of revenue
48,293

 
63,436

 
85,022

 
114,592

Gross profit
$
27,356

 
$
37,222

 
$
30,984

 
$
44,438

Other
 
 
 
 
 
 
 
Revenue
$
2,065

 
$
4,277

 
$
3,343

 
$
5,772

Cost of revenue
2,010

 
4,539

 
3,786

 
6,875

Gross profit
$
55

 
$
(262
)
 
$
(443
)
 
$
(1,103
)
Consolidated
 
 
 
 
 
 
 
Revenue
$
77,714

 
$
104,935

 
$
119,349

 
$
164,802

Cost of revenue
50,303

 
67,975

 
88,808

 
121,467

Gross profit
$
27,411

 
$
36,960

 
$
30,541

 
$
43,335

Operating expenses
26,072

 
32,688

 
53,567

 
67,186

Net income (loss)
$
1,388

 
$
4,304

 
$
(22,893
)
 
$
(23,762
)


Real estate revenue consisted of the following:
 
Three Months Ended
June 30,
 
Six Months Ended June 30,
 
2016
 
2017
 
2016
 
2017
 
 
 
 
 
 
 
 
Real estate revenue
 
Brokerage revenue
$
71,401

 
$
95,069

 
$
109,388

 
$
149,540

Partner revenue
4,248

 
5,589

 
6,618

 
9,490

Total real estate revenue
$
75,649

 
$
100,658

 
$
116,006

 
$
159,030